They likely do not recognize the legitimacy of individual ideas as property. For them it is not theft, it is a stark difference in political culture. Trump may think he is seeking simple economic fairness, but he is really asking for China to change its civic culture. This is a challenging reconciliation.
Read More“China targeted pistachios to inflict pain in a region where Republicans are politically vulnerable. About 99% of American pistachios are grown in California’s San Joaquin Valley, home of GOP Reps. David Valadao, Jeff Denham and Devin Nunes.”
Read MoreThe meritocracy of China is a challenge to the popular democracy of the United States. For too many of us the restraints on democracy and the accountability of capitalism have become irrelevant philosophical constructs. Our democracy has descended into self-interested voters voting for both lower taxes and more spending, and our political fools are aware that reality is a useless campaign tool.
Read MoreHe avoided the accumulation of economic data, believing the cost of accumulating outweighed its value. He felt such data was used to enable economic planning which he opposed, and because it instilled a false sense of certainty about outcomes. Cowperthwaite governed from principles, not data.
Read MoreFrom Andy Kessler in The Wall Street Journal, Quit Modifying Capitalism (paywall) State Sponsored Capitalism (China) Casino Capitalism (Bernie Sanders) Sustainable Capitalism (Al Gore) Patrimonial Capitalism (Piketty) Surveillance Capitalism ( new one for me- Ivy League origin) Popular Capitalism Conscious Capitalism (John…
Read MoreThese are some of the best articles that stood out to me so far this year- and a few of mine . America Doesn’t Have a Gun Problem; It Has a Democrat Problem from Sultan Knish Chicago’s murder rate of 15.09…
Read MoreWhat Trump Doesn’t Understand — It’s a Lot — about Our Trade Deficit with China by Kevin Williamson at National Review Our trade deficit with China isn’t a product of the Chinese getting rich — it’s a product of their…
Read Morefrom Kevin Williamson at National Review, People Aren’t Widgets Though they disagree, politicians in Beijing and Washington both think they know what the renminbi should be worth. Until Thursday, Chinese authorities thought they knew how much shares on the Chinese…
Read MoreJoel Kotkin writes Choosing Fortune Over Freedom Excerpts: This is not surprising, given the rapid progress that country has made in recent years. China has expanded its share of global gross domestic product from 2 percent in 1995 to 12 percent in…
Read MoreNicholas Kristof writes in the New York Times April 27, 2011 Great Leap Backward Excerpt: Ms. Cheng was arrested on what was supposed to have been her wedding day last fall for sending a single sarcastic Twitter message that included…
Read MoreWith the dollar weakening, debt growing, and the global and domestic economy still sluggish there is pressure driving up the price of gold, silver and industrial commodities. Forgive me if it just seems too obvious. Endless ads selling gold, and…
Read MoreAt National Review Conrad Black writes “An Awful First Year”. A Comprehensive rant about Team Obama’s first year, this passage focuses on an historical perspective of presidential foreign policies: Dwight D. Eisenhower came into office determined to end the Korean…
Read MoreDuring the 1970’s the sudden and enormous wealth of the Arab World as a result of the oil cartel OPEC, made everyone think they would rule the world. Raising oil prices as a result of the US aid to Israel…
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